Calculator gives build times at the touch of a button; COMMERCIAL PROPERTY.Byline: By Staff Reporter THE construction industry has plenty of information to advise clients on how much proposed schemes might cost but until now there has been little information on how long a construction project may take. Advice at the earliest stage of a project is now available with the March 19 launch of a new construction duration calculator from BCIS BCIS Bureau of Citizenship and Immigration Services (US Department of Homeland Security) BCIS Building Cost Information Service (Royal Institution of Chartered Surveyors - UK) (the Building Cost Information Service of RICS RICS Royal Institution of Chartered Surveyors RICS Royal Institute for Chartered Surveyors RICS Right Intercostal Space (medicine) RICS Return Inventory and Classification System RICS Range Instrumentation Control System ). The web-based calculator gives a quick and robust estimate of how long it will take to construct a building, based on basic information about the project. Using the actual construction duration of more than 4,500 new build and refurbishment projects in the UK, BCIS has developed sophisticated models to predict the most likely time a particular type of building could take. Calculations are based on eight separate details relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the project, including the type of work either new build or refurbishment, contract value, date of project, location, procurement route, selection of contractor, client type and building function. Joe Martin, executive director of BCIS, said: "According to the latest construction industry key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. , 48 per cent of projects do not finish on time. "We are always hearing in the news that building projects have overrun and in some respects we come to expect this, but more often than not an unrealistic timeframe has been proposed at the outset. "This calculator's strength is in the data used to make the estimates. With real timescales from so many varying projects it will be far easier to come up with a reasonable assessment at the start of any project. "The added bonus is that it is an online service and so data will be updated and expanded on a regular basis." BCIS publishes information on the capital cost of new and refurbished work collected from chartered quantity surveyors and others working in the building industry. For further details on the construction duration calculator visit www.bcis.co.uk |
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